£6.5M
The funding was led by EQT Ventures and will support product development and regulatory applications.
"Every company needs a banking partner, a ledger, and the necessary compliance infrastructure to launch a financial services product,"
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The latest funding rounds from the UK tech ecosystem. Updated 16 October 2026.
Announcements
903
Total raised
£37.1B
disclosed amounts
This month
£25.0M
raised so far
The funding was led by EQT Ventures and will support product development and regulatory applications.
"Every company needs a banking partner, a ledger, and the necessary compliance infrastructure to launch a financial services product,"
The London-based fintech has raised capital from private investors alongside match funding from the government Future Fund.
"The UK government’s Future Fund has been hugely effective for many businesses and is a welcome addition to the business finance landscape, especially in the current climate. The fund is part of the government’s desire to support the UK’s most innovative companies to flourish and to drive economic growth. This fundraising will accelerate our international expansion as well as attract additional future investment sources, from both within the UK and externally."
The funding round was led by Mercia with participation from the Future Fund, Ascension Ventures, and Northstar Ventures.
"We’ve been extremely busy supporting our credit union partners during Covid-19. The lockdown not only escalated the need for credit unions to offer their members digital access, but also to communicate with them more regularly and effectively, something our technology also enables them to do. Credit unions have been at the forefront of supporting financially excluded and often vulnerable individuals and families over recent months, so we are delighted to offer them technology which not only better supports existing members in a digital world, but also enables them to promote their message of ethical, supportive banking to a wider audience."
The pre-seed round was led by Move Ventures to support product development and regulatory approval.
"Many consumers borrow without fully understanding their options or implications of their borrowing. This is further compounded with poor repayment habits. As a result, large numbers of consumers are in the dark about the true cost of their borrowing, paying more in interest and fees than necessary and carrying debt for longer. ilumoni is changing that by shining a light on how we borrow,"
The funding round was backed by venture funds including 7percent Ventures alongside nearly two thousand retail investors.
"We are currently seeing a significant interest in sustainable assets. There is a positive dynamic for those companies that have green products and are well run, with the right governance,"